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20130113
20130121
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CNBC
Jan 15, 2013 6:00am EST
the company private. joining us is our private ek wit at the expert from boston dan. >> good morning. >> so this would be a huge, huge 20 plus billion dollar transaction. do you think it can actually happen in this environment? >> no, i don't. now, never say never. stranger things have happened. you've got pension funds, maybe a big sovereign wealth fund comes in. but you'd have to be talking about gst 23 billion, maybe $25 billion deal altogether and i know that dell's got a lot of cash on the books that can kind of help take some of the risk off for the bankers who would have to provide the leveraged financing here. but not enough. a lot of that cash is held overseas so you'd have the big tax implication. it seems a little too big. i talked to a private equity investor yesterday not at tpg or silver lake and he said this is a real, real stretch to get done. >> we're talking about a market cap somewhere in terms of, with a premium in success of sst 20 billion. i don't know what number you want to put on that. you have about $11 billion that you said in cash, but you've got to bring some of
CNBC
Jan 18, 2013 6:00am EST
. we have to deliver the results but we have it within our grasp. >> dan loeb recently took a stake in the company which probably is a good thing in many respects because it's a signal that he believes there's value in the company. but he's also gone after people like roy bostock, and he made it clear he may want some changes. have you been in communication with him? >> yeah, i called him as i do all our major shareholders and welcomed him. i said i was delighted that he thought it was a $40 stock, because he shared the confidence that management has. and i think we're doing a lot of the things that -- the reason dan has come in the stock to the best of my knowledge is he believes the company is on turnaround and he was excited about it. we have -- our board since i joined the board three years ago and became ceo and chairman, we have had a turnover of 6 of our 14 directors. roy happens to be retiring this may, so we'll have 7 of 14 directors turn over in that three-year period. so, i think dan's interest and ours are greatly aligned. >> in the money you're having all your guys mana
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